Waste Connections (WCN) Financial Ratios: P/E, ROE & More

Waste Connections (WCN) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Waste Connections had a P/E ratio of 41.70 (down from 71.70), return on equity of 13.4% (up from 7.9%), debt-to-equity of 1.11 (up from 1.07) and a current ratio of 0.62 (down from 0.65). A current ratio of 0.62 means current liabilities exceed current assets. Its dividend yield was 0.74% with a payout ratio of 31.0%.

Waste Connections Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	41.70	71.70	50.42	40.79	57.44	131.71
Forward P/E	31.88	33.15	32.94	32.67	37.23	35.46
P/S Ratio	4.74	4.96	4.79	4.73	5.77	4.95
P/B Ratio	5.44	5.63	5.00	4.79	5.08	3.93
Price/FCF	36.80	37.75	32.24	30.71	37.22	36.24
Price/OCF	18.59	19.86	18.08	16.85	20.91	19.14
PEG Ratio	3.09	2.68	3.02	2.64	2.63	4.14
Enterprise Value Ratios
EV/Revenue	5.67	5.90	5.67	5.59	6.55	5.71
EV/EBITDA	17.85	22.03	20.08	18.44	21.31	19.46
EV/EBIT	30.23	42.95	36.05	31.81	37.38	36.78
EV/FCF	44.05	44.89	38.12	36.32	42.24	41.78
Profitability & Returns
Return on Equity (ROE)	13.37%	7.93%	10.30%	11.85%	8.93%	2.96%
Return on Assets (ROA)	5.43%	4.06%	4.50%	4.98%	4.70%	3.81%
Return on Invested Capital (ROIC)	8.04%	6.42%	6.80%	7.69%	7.40%	6.05%
Return on Capital Employed (ROCE)	9.40%	6.80%	7.80%	8.10%	8.00%	6.50%
Leverage & Solvency Ratios
Debt/Equity	1.11	1.07	0.91	1.00	0.76	0.73
Debt/EBITDA	2.98	3.44	3.04	3.19	2.73	3.06
Debt/FCF	7.50	7.17	5.90	6.41	5.54	6.73
Liquidity Ratios
Current Ratio	0.62	0.65	0.68	0.74	0.84	1.37
Quick Ratio	0.53	0.55	0.58	0.64	0.74	1.26
Efficiency Ratios
Asset Turnover	0.46	0.47	0.46	0.45	0.43	0.39
Inventory Turnover	72.73	78.17	81.20	87.20	90.24	-
Yield & Distribution Ratios
Earnings Yield	2.40%	1.40%	1.98%	2.45%	1.74%	0.76%
FCF Yield	2.72%	2.65%	3.10%	3.26%	2.69%	2.76%
Dividend Yield	0.74%	0.68%	0.70%	0.71%	0.62%	0.77%
Payout Ratio	31.01%	48.94%	35.48%	29.08%	35.63%	97.66%
Buyback Yield	0.27%	-0.20%	-0.04%	1.41%	0.74%	0.32%
Total Return	1.00%	0.48%	0.66%	2.12%	1.36%	1.09%

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Waste Connections Financial Ratios

What is Waste Connections's P/E ratio?

Waste Connections's P/E ratio was 41.70 for fiscal 2025 (period ended Dec 31, 2025). It was 71.70 a year earlier.

What is Waste Connections's return on equity?

Waste Connections's return on equity (ROE) was 13.4% for fiscal 2025 (period ended Dec 31, 2025). It was 7.9% a year earlier.

What is Waste Connections's debt-to-equity ratio?

Waste Connections's debt-to-equity ratio was 1.11 for fiscal 2025 (period ended Dec 31, 2025). It was 1.07 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition